Four months later, after it became known that BitGo intends to acquire the company on asset management of Kingdom Trust, a California startup, announced the abandonment of these plans and the decision to instead create a private repository for bitcoin and other cryptocurrencies. It is reported by CoinDesk.
As stated in the blog, she intends to obtain permission to create a BitGo Trust – “a new regulated and qualified Depository organization”, which will focus on digital assets.
At the same time, I have not received till now the permission of the regulators for the purchase of Kingdom Trust, leadership BitGo took the decision to abandon this deal.
However, as said in the comment to the edition, the Vice-President of marketing at the company Clarissa Horowitz, the desire to create their own store cryptocurrency pushed her even not regulatory uncertainty, and the study of customers ‘ needs.
“We spent a lot of time working with clients because it is they whom we intend to serve. We realized that this is best done with the Depository organization, which will be entirely focused on their assets. For this reason, we focused our attention on creating qualified and fully independent organization,” she said.
The time frame of the creation of such an organization remain unknown, but, says Clarissa Horowitz, the company works closely with regulators.
At the same time BitGo already offers its customers two new options for asset management. The first of them is connected with the service of safe storage of crypto-currencies, whose launch was announced earlier this month, the second offers an alternative way of managing the assets in which this task is assumed by customers.
However, Clarissa Horowitz admits that the store is created cryptocurrency is of great importance.
“I think it’s a critical question. Storage of digital assets is still different from storage of stock certificates,” she added.
We will remind, earlier this year, BitGo left two key figures: in March, left the company engineer and part-time Bitcoin Core developer, Jameson Lopp, who now works with the project Casa — digital wallet for cold storage, and in April the post of technical Director have left co-founder Ben Davenport.